Bank of Russia raises key rate by 1 pp to 6.5% per annum

26.07.2021

The Bank of Russia raised the key rate by 1 percentage point to 6.5% per annum, the regulator said on Friday following the meeting of the board of directors.

"On 23 July 2021, the Bank of Russia Board of Directors decided to increase the key rate by 100 b.p. to 6.50%...